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by Mike Caswell

Colin Heatherington, the Vancouver Island man wanted in the United States for an international market manipulation scheme, has found himself in an entirely different legal mess back home. A pair of lawsuits filed in the Supreme Court of British Columbia seek to hold him liable for a car accident in Victoria. According to the suits, Mr. Heatherington is partly responsible for the accident because he allowed a relative to drive after she had been drinking.

The new trouble for Mr. Heatherington comes with prosecutors in California seeking his arrest on charges stemming from the Absolute Capital Management Holdings Ltd. fraud. According to the government, he and others used hedge funds to manipulate several OTC Bulletin Board and pink sheets listings. They then allegedly dumped shares of those same companies, reaping millions in profits. Their actions resulted in hedge fund investors sustaining losses of $200-million, prosecutors contend. (All figures are in U.S. dollars.)

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